Bidders interested in stricken wine merchant

Administrators for Cockburns of Leith say they are hopeful of finding a buyer for Scotland's oldest wine merchant.

The Edinburgh company, founded in 1796, called in Ernst & Young last Friday after falling victim to the economic downturn in the wine market.

The administrator reports strong interest in the business, which counts Charles Dickens and Sir Walter Scott among its past clients.

Five of the seven staff at the company - which sells wine online and as a wholesaler - have been made redundant and Ernst & Young is inviting bids for the stock and for the trading name.

Reports that managing director Ian Macphail is bidding for the business have been dismissed, according to the Scottish media.

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